Future Fund foresees a tough decade to come

Despite beating its 10-year performance benchmark, Australian’s Future Fund fell short of its target for the past financial year amid tricky conditions (see table 1 below). Moreover, the A$123 billion ($92.5 billion) state investor sees difficult times ahead and is set to boost its focus on private markets, the brightest spot in its portfolio in the past 12 months.  The return for the year to June 30 was 4.8% as against the 5.5% target. Managing director David Neal said the below-…